Quad M Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 22, 2022 at 04:22 pm EDT
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Quad M Solutions, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was USD 18.14 million compared to USD 10.63 million a year ago. Net income was USD 1.78 million compared to net loss of USD 4.81 million a year ago. Net Income Per Common Share, Basic and Diluted was USD 0.01 compared to Net loss Per Common Share, Basic and Diluted of USD 0.15 a year ago.
For the nine months, sales was USD 36.27 million compared to USD 28.72 million a year ago. Net income was USD 5.55 million compared to net loss of USD 5.69 million a year ago. Net Income Per Common Share, Basic and Diluted was USD 0.04 compared to Net loss Per Common Share, Basic and Diluted of USD 1.52 a year ago.
Quad M Solutions, Inc. is a holding company. The Company operates its business through its two operating subsidiaries, including NuAxess 2, Inc. (NuAxess) and OpenAxess, Inc. (OpenAxess). NuAxess is engaged in providing a spectrum of consulting and staffing business services related to employee benefits, insurance, and financial services. It offers its programs through platforms that include technology and sponsoring affordable medical health insurance plans and other employee benefit products and services. OpenAxess is a staffing business that developed its competitive partially self-insured medical plans to offer employees for their comprehensive medical insurance benefits replacing fully insured medical plans. The NuAxess Smart Healthcare Plan, which is its self-insured health plan includes wellness and prevention programs and employee health saving accounts, among other features. Its primary markets are small and mid-size group employees, sometimes referred to as the gig economy.
QUAD M SOLUTIONS, INC. 
